Virginia Commonwealth University Financial Aid and Scholarships
Students Receiving Aid
55%
Total Aid Amount
$126.516M
Financial Aid Official Website
https://www.finaid.vcu.edu
Among them are scholarship programs such as Undergraduate Scholarship and Virginia Military Survivors and Dependents Education Program. As many as 81% of the students at VCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $74,429,887 in a year. One can visit VCU's financial aid page at https://www.finaid.vcu.edu for more information. At VCU, the total percentage of applicants who receive the Federal Grant stands at 33%. In comparison, 68% of the students are awarded the Student Grant, 60% get the Institution Grant, and 33% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,752, while the same comes to $6,523 for State Grant receivers and $5,731 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,547. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 56% of the applicants to Virginia Commonwealth University opt for student loans.
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